Sportsman’s Warehouse (NASDAQ:SPWH) Shares Cross Below 200 Day Moving Average of $4.12

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.12 and traded as low as $3.19. Sportsman’s Warehouse shares last traded at $3.29, with a volume of 273,642 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on SPWH. B. Riley dropped their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Robert W. Baird dropped their price objective on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Finally, StockNews.com raised Sportsman’s Warehouse to a “sell” rating in a research note on Thursday, January 11th.

Sportsman’s Warehouse Price Performance

The company has a 50 day moving average of $3.37 and a 200-day moving average of $4.12. The company has a market cap of $123.77 million, a P/E ratio of -4.22 and a beta of 0.76.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Wednesday, April 10th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.10. Sportsman’s Warehouse had a negative return on equity of 8.86% and a negative net margin of 2.25%. The business had revenue of $370.39 million for the quarter, compared to the consensus estimate of $373.61 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Sportsman’s Warehouse by 185.8% during the 3rd quarter. Barclays PLC now owns 73,703 shares of the company’s stock valued at $331,000 after purchasing an additional 47,912 shares during the period. FMR LLC boosted its position in shares of Sportsman’s Warehouse by 2,861.4% in the 3rd quarter. FMR LLC now owns 4,759,128 shares of the company’s stock worth $21,368,000 after purchasing an additional 4,598,421 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Sportsman’s Warehouse by 5.3% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 701,714 shares of the company’s stock worth $3,151,000 after acquiring an additional 35,300 shares during the last quarter. Cannell Capital LLC raised its holdings in Sportsman’s Warehouse by 0.7% in the 3rd quarter. Cannell Capital LLC now owns 3,715,808 shares of the company’s stock worth $16,684,000 after acquiring an additional 26,436 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in Sportsman’s Warehouse by 3.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 128,062 shares of the company’s stock worth $575,000 after acquiring an additional 4,184 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.